Overview

• PayPal Ventures took an equity stake in Stable, enabling native support for PYUSD on the Stablechain network.
• Stablechain is a layer-1 designed for stablecoin payments with sub-second finality and USDT-denominated gas fees.
• The integration uses LayerZero to support cross-chain compatibility plus on- and off-ramp connections for payments.
• Executives said the effort targets commerce, peer-to-peer transfers and cross-border remittances, with emphasis on emerging markets.
• Stable closed a $28 million seed round that included Bitfinex and Hack VC, while PYUSD stands at roughly $1.4 billion in market value as the eleventh-largest stablecoin.